Stemline Therapeutics, Inc. (NASDAQ:STML) PT Set at $34.00 by HC Wainwright
Stemline Therapeutics, Inc. (NASDAQ:STML) has been given a $34.00 target price by research analysts at HC Wainwright in a research note issued on Wednesday. The firm currently has a “buy” rating on the biopharmaceutical company’s stock. HC Wainwright’s price target suggests a potential upside of 297.66% from the stock’s current price.
STML has been the topic of a number of other research reports. Cowen and Company reaffirmed a “buy” rating on shares of Stemline Therapeutics in a research report on Friday, May 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Stemline Therapeutics in a research report on Thursday, May 25th. Zacks Investment Research downgraded Stemline Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Wedbush raised their price objective on Stemline Therapeutics from $33.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Finally, BidaskClub raised Stemline Therapeutics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Stemline Therapeutics has a consensus rating of “Buy” and a consensus price target of $29.17.
Stemline Therapeutics (NASDAQ STML) opened at 8.55 on Wednesday. The stock’s market cap is $199.86 million. Stemline Therapeutics has a 52-week low of $5.50 and a 52-week high of $14.60. The stock has a 50 day moving average price of $9.34 and a 200 day moving average price of $8.61.
Stemline Therapeutics (NASDAQ:STML) last posted its quarterly earnings results on Wednesday, May 10th. The biopharmaceutical company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by $0.22. Stemline Therapeutics had a negative return on equity of 60.51% and a negative net margin of 3,864.20%. The firm had revenue of $0.30 million for the quarter, compared to the consensus estimate of $0.30 million. Analysts expect that Stemline Therapeutics will post ($2.24) EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. AXA bought a new stake in shares of Stemline Therapeutics during the first quarter worth $3,712,000. Renaissance Technologies LLC increased its stake in shares of Stemline Therapeutics by 7.9% in the fourth quarter. Renaissance Technologies LLC now owns 65,500 shares of the biopharmaceutical company’s stock valued at $701,000 after buying an additional 4,800 shares in the last quarter. Eventide Asset Management LLC increased its stake in shares of Stemline Therapeutics by 27.6% in the first quarter. Eventide Asset Management LLC now owns 1,086,400 shares of the biopharmaceutical company’s stock valued at $9,289,000 after buying an additional 235,000 shares in the last quarter. State Street Corp increased its stake in shares of Stemline Therapeutics by 9.2% in the fourth quarter. State Street Corp now owns 251,804 shares of the biopharmaceutical company’s stock valued at $2,694,000 after buying an additional 21,296 shares in the last quarter. Finally, Bailard Inc. increased its stake in shares of Stemline Therapeutics by 12.1% in the first quarter. Bailard Inc. now owns 138,785 shares of the biopharmaceutical company’s stock valued at $1,187,000 after buying an additional 15,000 shares in the last quarter. 53.99% of the stock is currently owned by institutional investors.
About Stemline Therapeutics
Stemline Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing oncology therapeutics. The Company is developing approximately three clinical stage product candidates, including SL-401, SL-701 and SL-801. SL-401 is a targeted therapy directed to the interleukin-3 receptor (IL-3R) (CD123), present on a range of hematologic cancers.
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